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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (25146)9/8/1999 10:29:00 AM
From: dclapp  Read Replies (1) | Respond to of 99985
 
Heinz,

you're right, of course. that <<was not>> a bear market.

on the other hand (hmm..am I an economist?)..you can make a case that we've been in a bear market since April 1998, when the AD line turned down. The "indexes" aren't "the market," despite what Maria says :-)

doug



To: pater tenebrarum who wrote (25146)9/8/1999 10:38:00 AM
From: Les H  Read Replies (2) | Respond to of 99985
 
Maximum Joe is calling for S&P 500 to hit 1850 in one year and the Nasdaq to hit 3400. From the recent correction lows of 1250, that's almost 50 percent. Joe Battapaglia can be found at gruntal.com



To: pater tenebrarum who wrote (25146)9/8/1999 10:47:00 AM
From: Benkea  Read Replies (2) | Respond to of 99985
 
According to the logic used to defend Cohen, the remark about stocks reaching a "permanent plateau" in 1929 was correct too because eventually they went up to DOW 11,300. It doesn't work that way. Whether the bear market is one day - ala 1987 - or 10 years - ala the 30s, the % loss of capital is EXACTLY the same.